Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
FDIC Closed Another Bank Tuesday
WASHINGTON (5/16/13)--The Federal Deposit Insurance Corp. announced Tuesday that one bank was shuttered and its assets assumed by another bank.

Central Arizona Bank, Scottsdale, Ariz., was assumed by Western State Bank, Devils Lake, N.D. Central Arizona Bank had about $31.6 million in total assets and roughly $30.8 million in total Deposits.

The failure brings the number of total bank failures this year to 13. The cost of the failure will be $8.6 million, FDIC estimated.


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
10 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
12 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
12 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
12 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
13 hours ago